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    vmiller's Avatar
    vmiller Posts: 1, Reputation: 1
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    #1

    Jul 22, 2010, 10:30 AM
    What kind of journal entry would be used to account for sales that were put into A/R?
    A previous bookkeeper created invoices to account for cash sales. Then when the deposits were made they were not properly applied to the invoices but were created new. Therefore there is a balance in the A/R that should not be there.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 24, 2010, 04:07 AM

    Sounds like the sales was duplicated, once when the invoice was made and once when the deposit was made. (That's really only one entry to begin with. I'm glad it's a previous bookkeeper.) If that is the case, then do a credit in the A/R account and charge it to the sales, which will be a debit and reserve out the duplicate.

    If the sales wasn't recorded twice, then you'd have to debit whatever account was used.

    This is all assuming I'm interpreting you correctly.
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